Bittrex NY Users to be Caught Off Guard

Due to legal issues, Bittrex ceased providing service to residents of New York and despite warning two month ago, some users got their assets blocked
10 June 2019   527

Bittrex Cryptocurrency Exchange on June 9 completely stopped the service of New Yorkers. Although the official announcement about the need to withdraw funds from the trading platform was published 2 months before, comments on the network indicate that not all users of the exchange knew the plan of action. Reddit users report about it.

The amount of people that don't know is staggering. I saved my friend 40k yesterday.
 

alexcaggz @reddit

Residents of New York accounts ban at Bittrex was the result of the refusal of the local financial regulator to provide the exchange with a license to carry out activities in its jurisdiction.

The New York State Department of Financial Services has exposed the company in numerous violations of current requirements, including providing access to the trading platform to residents of countries from the sanction lists and users who have used false names. Bittrex itself claims that it was negotiated, and insists that it took measures to eliminate a substantial part of the regulator's comments.

Last week, Bittrex announced that it will close access to 32 assets on its platform for US users.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   276

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.